Is borrowing a sum of money in Egyptian pounds to purchase a commodity, with the intention of repaying the same amount later after the appreciation of the exchange rate of the US dollar owned by the borrower, and utilizing the exchange rate difference as a surplus, considered usury (riba)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no harm for the questioner in borrowing from his friend, because a loan is a good deed and is not tied to the exchange rate. The friend's right will remain as is, and the loan will be repaid in kind.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/192130
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 192130
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy